So, is 2010 going to be a measly $1 trillion production year for mortgage lenders? Don't bet on it. The $1 trillion figure was a "worst case" scenario and predicated on rising rates and the $8,000 first-time home buyer tax credit ending. Of, course, the big question is whether, come this spring, will the Federal Reserve keep buying GSE debt and MBS? The short answer is yes -- but how much? Meanwhile, the job picture continues to improve. Yesterday Cisco chief John Chambers said his firm is in a strong hiring mode. Also, Deutsche Bank put out a new research note saying the hiring of temporary workers is very strong. "We have found the trend in temp hiring to be an excellent leading indicator of labor demand"...
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